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BULLETIN: Deutsche Bank AG Ratings Unchanged by Announcement of Restructuring Charges Jan 05
Standard & Poors, Jan 2005
Abstract
FRANKFURT (Standard & Poor's) Jan. 17, 2005--Standard & Poor's Ratings Services said today that the ratings and outlook on Germany-based Deutsche Bank AG (AA-/Stable/A-1+) and its related entities remain unchanged following the announcement of charges of -0.6 billion in the fourth quarter 2004, representing the first tranche of charges associated with its upcoming realignment program. Further charges are expected for 2005. Standard & Poor's will review its ratings on Deutsche Bank and the implications of the realignment program, including the announced charges, once the entire package has been communicated on Feb. 3, 2005. We will monitor the contribution of cost-cutting initiatives to further improvements in Deutsche Bank's profitability, as the bank would increasingly have to struggle if it were to...
Companies mentioned in this report are: Deutsche Bank AG
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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